All four indexes of the Madrid stock exchange including the IBEX_35, the most popular indicator of market funds, have plummeted in the last few days. The decrease in global values of share trading came as a result of the Shanghai Stock Exchange.

The biggest fall in China's stock markets in ten years, has triggered panic among investors on world stock markets.

Shares fell Tuesday by about nine percent as investors sold shares to collect profits from high share prices midsts worries about the Chinese government plan to establish a special task force to clamp down on illegal share offerings and its ban on investments with borrowed money after indexes climbed to records.

As of this morning the IBEX-35 remains almost six points down from the same day a week ago. Markets in other countries of Europe have fared similarly.

This morning the IBEX fell 2.1% provoking fears withing Spain of a depression. Yesterday the Bolsa suffered a similar loss which has been the greatest since last year.

The devaluation in shares has hit Spain more than any other of the major trading nations.